Berkadia Secures $71.26 Million Refinance For KISCO Senior Living In Greensboro North Carolina
3504 Flint Street
$71,260,000
Building Size
—
Asset Type
Senior Housing
Closing
Nov 21, 2024
AI
The asset involved in this transaction is a senior housing facility located at 3504 Flint Street, Greensboro, NC. The property is operated by KISCO Senior Living and has undergone refinancing totaling $71,260,000.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $71,260,000
- Date of Loan: 11/21/2024
- Brokers: Austin Sacco, Steven Muth & Garrett Sacco - Berkadia
Berkadia facilitated the refinancing for Abbotswood at Irving Park, representing KISCO Senior Living in this transaction. The brokers involved played a crucial role in securing the financing for this senior living community.
Players
Greensboro Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93